FNO doesn’t smell any aggressive positions and market is looking for direction; monsoon may trigger.

Date: 31/May/2017                                                                          
Time: 7:05 am  
VIX: 11.76             SGX Nifty: 9623               FII: -217 Cr                DII: +367 Cr
Open
Interest Analysis
Index
Max Pain
PCR
Highest
PE
CE
Highest Increase
PE
          CE
Nifty
9450
1.14
9400
9700
9500 (14%)
10000 (20%)
Banknifty
23200
0.92
22000
23500
23000 (22%)
23500 (8%)
                              
Technical
Data and Analysis
Index
Support
Resistance
4 Hour Trend
Daily Trend
Weekly Trend
Nifty
9380
9634
Up
Up
Up
Banknifty
22264
23310
Up
Up
Up
Future
position and Volume Analysis (Nifty and Banknifty stocks)
Long Build Up
Profit Booking
Short Build Up
Short Covering
High Delivery Volumes
MM, Hero, BoB, Hindalco, Auro
LT
Ambuja
Nifty
(Over all FNO Position: Neutral)
·                    
FII selling is not much and huge in-flow comes through MF.
·                    
Global market is slightly down and SGX nifty is flat.
·                    
More longs are getting added than shorts.
·                    
Highest CE is at 9700 and highest PE is at 9400.
·                    
But yesterday 10000 CE and 9500 CE are added more and hence we
can expect upward move.
·                    
Max Pain moved up to 9450 and PCR is normal.
·                    
Not much speculation in FNO positions.
·                    
Better to sell options slowly as market is looking for
direction.
Banknifty (Over all FNO Position: Neutral)
·                    
Both ICICI Bank and HDFC Bank are up in USA.
·                    
Highest CE is at 23500 and good amount of 23000 PE is also sold.
·                    
There was no aggressive long or short in banking stocks yet.
·                    
Banknifty is not bullish anywhere as per OI data.
·                    
Banknifty will try to get traded in narrow range from 23000 to 23500.
·                    
No change in PCR and Max Pain and Poor delivery volumes.
·                    
Great time to sell CE in weekly contract.
Executed Trades
ü 
Have to exit all positions in the morning as I need to go out.
ü 
Exited with loss 10K.
ü 
Created debit ratio spread for tomorrow expiry.
ü 
Bought 23500 CE and Sold 23600 CE, 23700 CE and 23800 CE.
ü 
Bought 23000 PE and Sold 22900 PE, 22800 PE and 22700 PE
ü 
Sold monthly 21500 PE.
ü 
Sold Nifty Dec 8500 PE.
ü 
Sold Nifty Jun 9200 PE and 10000 CE.
ü 
Having 25% free cash.
Trading Plan
Ø 
Will deploy more money in weekly options.
Ø 
Planning to sell PEs slowly in coming days.
Open Positions

Open Positions(12) Historical Download


Product Instrument Qty. Avg. price LTP P&L Chg.
NRML BANKNIFTY01JUN1722700PE NFO -600 13.00 8.20 +2880.00 -36.92%
NRML BANKNIFTY01JUN1722900PE NFO -400 0.00 21.50 -8600.00 NA
NRML BANKNIFTY01JUN1723600CE NFO -400 16.55 17.85 -518.67 +7.83%
NRML BANKNIFTY01JUN1723800CE NFO -400 9.73 5.00 +1892.00 -48.61%
NRML BANKNIFTY17JUN21500PE NFO -400 0.00 33.70 -13480.00 NA
NRML BANKNIFTY17JUN24500CE NFO -400 0.00 24.65 -9860.00 NA
NRML NIFTY17DEC8500PE NFO -300 0.00 74.00 -22200.00 NA
NRML NIFTY17JUN10000CE NFO -300 0.00 7.90 -2370.00 NA
NRML NIFTY17JUN9200PE NFO -300 0.00 21.95 -6585.00 NA
NRML BANKNIFTY01JUN1723700CE NFO -200 12.19 9.15 +608.80 -24.96%
NRML BANKNIFTY01JUN1723000PE NFO +200 0.00 35.60 +7120.00 NA
NRML BANKNIFTY01JUN1723500CE NFO +200 0.00 34.30 +6860.00 NA
TOTAL -44,252.87

Jegathesan Durairaj, a mathematician by qualification, an Ex-software professional and now a full time Risk Defined Option Writer. With his Open Book Strategies, he is the most known identity in twitter as itjegan, with huge followers. He had won Zerodha 60 Day Challenge – 10 Times round-the-clock. He is one of the prime Option Writing Trainer and tutored close to 1000 members till now.

He is the Mastermind of CapitalZone – Active Option Trading where Traders can avail Trading Chart with customised indicators, FNO tools and Payoff analysis. His keynote is to provide whole FNO deets to be handy for Traders in a sole place.

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